Charles Schwab Trust Co Buys 23,199 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Charles Schwab Trust Co. acquired 23,199 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $3.43 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with an overall “Moderate Buy” rating and a consensus price target of $191.20; price targets range from $190 to $220 among recent reports.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, representing a 1.8% annual yield.

Charles Schwab Trust Co purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,199 shares of the transportation company's stock, valued at approximately $3,433,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $641,000. Argent Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $5,017,000. Amundi lifted its position in C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company's stock worth $56,227,000 after purchasing an additional 67,108 shares during the period. Empowered Funds LLC lifted its position in C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock worth $11,081,000 after purchasing an additional 55,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in C.H. Robinson Worldwide during the first quarter worth about $10,997,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, July 13th. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Robert W. Baird lowered their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Jefferies Financial Group restated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $191.20.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of NASDAQ:CHRW traded up $1.68 during midday trading on Thursday, hitting $141.13. 500,503 shares of the stock were exchanged, compared to its average volume of 1,968,072. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. The business's 50-day moving average price is $147.45 and its 200 day moving average price is $168.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm's revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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